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Pin to quick picksCohort Share News (CHRT)

Share Price Information for Cohort (CHRT)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 1,552.00
Bid: 1,542.00
Ask: 1,548.00
Change: 26.00 (1.70%)
Spread: 6.00 (0.389%)
Open: 1,524.00
High: 1,570.00
Low: 1,510.00
Prev. Close: 1,526.00
CHRT Live PriceLast checked at -

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AIM WINNERS & LOSERS: Revolution drops after GBP21 million fundraise

Wed, 26th May 2021 10:19

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Wednesday.

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AIM - WINNERS

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Norman Broadbent PLC, up 17% at 9.98 pence, 12-month range 4p-9.98p. Extends gains after closing up 31% on Tuesday. The recruitment and professional services firm on Tuesday posted a pretax loss of GBP193,000 in 2020, swung from a GBP84,000 profit in 2019, as annual revenue dropped 32% to GBP7.8 million. However, it remained profitable on an earnings before interest, tax, depreciation and amortisation basis, which fell to GBP69,000 from GBP238,000.

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Alien Metals Ltd, up 8.5% at 1.25p, 12-month range 0.08p-3.19p. The minerals exploration and development company says initial results from six samples at Elizabeth Hills silver tailings project subjected to test leaching by ALS Perth are "very encouraging" and return high levels of silver recovery. Adds it has extended exclusivity period with the project owner for further 45 days to factor in backlog of work from laboratories in Perth. "This extension will allow Alien to undertaken further assessment over the potential retreatment and recovery of the silver tailings as discussions continue regarding the potential acquisition of the project," company says.

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AIM - LOSERS

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Revolution Bars, down 29% at 23.35p, 12-month range 8p-41.95p. The bar operator raises GBP21 million in fundraise priced at 20p each. Price represented 40% discount to 33.1p closing price on Tuesday. "Thanks to the support of our shareholders and new investors, this successful fundraising will allow Revolution Bars to emerge from this period of disruption in a strong position with a fit-for-purpose balance sheet which provides us with ongoing financial flexibility and an excellent platform from which to deliver for all our shareholders," says Chief Executive Rob Pitcher, adding that firm has traded "outstandingly" since initial lifting of UK lockdown restrictions.

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Cohort PLC, down 8.2% at 615.40p, 12-month range 507.1p-690.93p. Says that despite strong closing order book, delays in the placing of some orders with subsidiary EID, representing around a third of EID's revenue, is likely to hit EID's trading performance in 2022 financial year. EID designs and manufactures advanced communications systems for naval and military customers. Cohort says that while overall revenue expectations for year ahead are unchanged, the mix of revenue is expected to result in reduction of group's overall profit margin and, accordingly, a lower rate of profit growth.

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By Lucy Heming; lucyheming@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

More News
7 Dec 2023 10:40

Cohort German subsidiary wins contract extension

(Sharecast News) - Technology group Cohort revealed on Thursday that its German subsidiary has been awarded a five-year follow-on contract worth €16.0m.

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6 Dec 2023 15:13

UK earnings, trading statements calendar - next 7 days

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5 Dec 2023 12:49

Cohort secures follow-on Italian Navy contract

(Sharecast News) - Technology company Cohort announced Tuesday that its German subsidiary ELAC has secured a 60-month follow-on contract worth €16m.

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5 Dec 2023 12:21

IN BRIEF: Cohort says German subsidiary ELAC inks sonar supply deal

Cohort PLC - Reading, England-based defence and security technology firm - Says that its German subsidiary, ELAC Sonar GmbH, has been given a five-year contract with a value of EUR16 million. Under this agreement, ELAC will deliver the sonar system for another unit of a new-build submarine programme for the Italian Navy. This is the third unit of the programme, with ELAC also supplying the sonar systems for the first two units.

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26 Sep 2023 19:38

TRADING UPDATES: Cohort trading ahead of expectations, record orders

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

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26 Sep 2023 15:52

UK dividends calendar - next 7 days

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19 Sep 2023 15:50

UK shareholder meetings calendar - next 7 days

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23 Aug 2023 08:55

IN BRIEF: Cohort subsidiary wins "major defence programme" contract

Cohort PLC - Reading, England-based defence and security technology firm - Says subsidiary Systems Engineering & Assessment Ltd has been awarded a 32-month contract valued at GBP17.5 million with an unnamed UK customer. SEA will provide an external communications system which will "significantly [enhance] overall mission effectiveness" by facilitating advanced real-time data exchange, critical information dissemination, and "seamless" co-ordination.

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23 Aug 2023 07:13

Cohort wins £17.5m defence tech contract

(Sharecast News) - AIM-listed tech group Cohort has announced a contract win for a major defence programme worth £17.5m.

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17 Aug 2023 15:43

UK dividends calendar - next 7 days

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19 Jul 2023 10:07

Cohort hails "record" year as profit, revenue and payout all rise

(Alliance News) - Cohort PLC celebrated a "record" performance, surpassing expectations in its recently-ended financial year, and it reaffirmed guidance while anticipating further progress in the years to come.

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19 Jul 2023 09:57

AIM WINNERS & LOSERS: MediaZest encouraged; CEO out at Watkin Jones

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Wednesday.

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30 May 2023 09:47

IN BRIEF: Cohort wins GBP7 million anti-submarine warfare contract

Cohort PLC - Reading, England-based technology company serving defence and security sectors - Says subsidiary Systems Engineering & Assessment Ltd has won a GBP7 million contract to provide anti-submarine warfare capability on two vessels for the navy of an undisclosed South-East Asian state. SEA will partner with local subcontractors to install the new system, ensure knowledge transfer and conduct training. The contract will commence this month, and Cohort expects completion by the end of 2026.

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25 May 2023 11:48

Cohort has strong year thanks to high demand in defence sector

(Alliance News) - Cohort PLC on Thursday said its annual trading performance was better than expected, thanks in part to the war in Ukraine, and expects strong trading in the coming year.

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9 May 2023 14:39

TRADING UPDATES: Cohort hails subsidiary's deal; Treatt profit down

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

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